ENGLISH

The Higher Education Bubble

By Reynolds , Glenn Harlan

Book information

Publisher
Encounter Books
Year
2012
ISBN
9781594036651, 9781594036668, 1594036659
Language
english
Format
EPUB
Filesize
2 MB (1936353 bytes)
Series
Encounter broadsides no. 29
Edition
1st American ed
Pages
48\0
Time added
2020-07-26 19:24:52
Coût;Droits de scolarité;Enseignement--Réforme--Ét

Description

America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes. Now this bubble is bursting.In this Broadside, Glenn Harlan Reynolds explains the causes and effects of this bubble and the steps colleges and universities must take to ensure their survival. Many graduates are unable to secure employment sufficient to pay off their loans, which are usually not dischargeable in bankruptcy. As students become less willing to incur debt for education, colleges and universities will have to adapt to a new world of cost pressures and declining public support.

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